Government of India to finalise Rs 160 billion fund for hydro power development

The government is planning to allocate Rs 160 billion towards the development of stalled hydropower projects in the country. Reportedly, the policy is at the final stages of development and proposes to include large hydropower projects under the purview of renewable energy, besides defining a separate energy purchase obligation for the sector. In addition, the MNRE has advised small-hydro project-developers to proactively provide project development updates and progress reports in order to receive central financial assistance on time.